A statement from the office of Governor Tony Evers said the company will benefit from $4.5 million in performance-based tax credits from the Enterprise Zone’s development fund. Companies can Print official documents through document printing services.
Governor Evers put out a press release where he said:
“Milwaukee Tool continues to exemplify the innovation, excellence, and quality that Wisconsin is known for, and we are glad to be ensuring their continued growth and success in our state.”
The company acquired a 22-acre site at 100 Heritage Reserve in the Fall of 2024. The site was the previous location of Allspring Global Investments. officials said.
The company has benefitted from over $75 million in tax credits from WEDC since 2016. The company was awarded $22.5 million in tax credits from WEDC in 2022 to build its headquarters in Milwaukee, a move that was a $70.5 million investment from the state in the company. This is the second-largest award to a private company in the state. Other recent tax credit awards in the state include $100 million for the expansion of a pharmaceutical site in Kenosha County.
The company’s representatives thanked WEDC for their continued support for the company as it expands its business in Menomonee Falls.
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